Don961: Iraqi competencies advance in the Middle East
Saturday 07 March 2020 Baghdad / Hussein Thagab
The Central Bank of Iraq organized two internationally approved specialized courses in the field of combating money laundering and terrorist financing, and the results of the international course were distinguished by Iraq obtaining the first position among participating Middle Eastern countries that perform qualitative tests remotely under the strict supervision of the Association of Certified Specialists in Combating Money Laundering and Terrorist Financing acams Internationalism.
The Director General of the Center for Banking Studies on behalf of Abdul Hadi said: “The Central Bank organized a course that included an international certificate for an accredited specialist in the field of anti-money laundering and terrorist financing CAMS, and the other included a certificate of a certified specialist in combating financial crimes, in conjunction with international courses in different regions of the world, and came The results are positive, with Iraqi leadership leading the Middle East.
He added, “In light of the Central directives aiming to improve the level of performance of the bank’s employees, workers in state departments, government and private banks, institutions and all financial companies, the Central has organized, in cooperation with Iraqna Economic and Administrative Investments and Training, several training courses to obtain a certificate of a certified specialist in the fight against money laundering and terrorist financing,
It is the first international certificate in the world in the field of combating money laundering and terrorist financing and is accredited by the Association of Certified Specialists in Combating Money Laundering and Terrorist Financing acams in Miami / America, and it has importance in assessing the compliance of the Republic Iraq for the recommendations issued by the Financial Action Group. “
He added, “In view of the great and superior success achieved by most of the participants in the final test for obtaining the certificate and some of them obtaining the highest evaluations in the Middle East, coordination was made with the aforementioned company that the handing of certificates to the participants be within a special celebration.”
And that “enabling human resources from advanced systems represents the most important directive of the central bank, as developing performance requires training and engaging human resources in development courses at a global level,” noting that “the banking system is in urgent need of advanced technology witnessed by the international capital market.”
He pointed out that “the evaluation control represents an important direction for the development of the Iraqi banking system, as the country’s reality necessitates the existence of banks capable of dealing with the requirements of the evolving international effort wishing to work within the local market.”
It is mentioned that Iraq came on top of the pyramid as the smartest Arab people according to an international assessment, and this facilitates the task of developing and empowering local human resources.
He pointed out that “there is a great interaction between the central bank and the banking system in order to improve the capabilities of bank employees as well as the central bank.”
He pointed out that “the phenomenon of money laundering has become a threat to the global economy in general and to governments in particular through corruption crimes that contribute to deepening the seriousness of this phenomenon by dealing with criminal companies, and in line with international efforts to combat this crime, these international courses that include Setting standards and monitoring international and commercial institutions and training workers in the field of auditing, supervision and investigation.
Abdul Hadi continued, “Based on the efforts of the Central Bank of Iraq in the advancement of the banking sector through training and development of employees and meeting the requirements of the Banking Control Department in the bank, the Central Bank organized training courses in combating money laundering and terrorist financing cams during the last period during which (124) participants from all Banks and state departments as well as a trail (38) participants in the field of financial crime in cooperation with Iraqna Investments Company, which is the exclusive agent accredited in Iraq to the Association of Certified Specialists in Combating Money Laundering and Terrorist Financing in the United States of America Acms, as it is considered The certificate granted by this association has the highest international certificate in the field of combating money laundering and terrorist financing. ” LINK